Market Curiosity: Exploring Markets And Systems

March 12, 2011

Monetary base +170% and silver +160%. Coincidence? (Corrected April 26)

Filed under: Just Watching — Tags: , , — Jeff Fitzmyers @ 7:56 am

Edit April 26: The Ticker Guy pointed out I did not know what I was talking about. I assumed I was talking about coins, cash and deposit accounts, but:

St. Louis Adjusted Monetary Base (BASENS) The sum of currency in circulation outside Federal Reserve Banks and the U.S. Treasury, deposits of depository financial institutions at Federal Reserve Banks, and an adjustment for the effects of changes in statutory reserve requirements on the quantity of base money held by depositories. This series is a spliced chain index; see Anderson and Rasche (1996a,b, 2001, 2003).

Since the fed / gov can’t / won’t stop printing no matter what nomenclature they use / don’t use, expect silver to ascend until something better comes along.

Raw data.

References
+ Did a 140% rise in the Monetary Base lead to a 150% rise in silver?

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